Author: Crypto News
Last updated: April 11, 2024 16:17 EDT | 2 min read Disgraced FTX founder Sam Bankman-Fried officially filed on April 11 his notice of appeal for his FTX trial and is requesting to stay in a Brooklyn, New York prison in order to be closer to his legal team.Sam Bankman-Fried Formally Files FTX Trial AppealIn the court filing, lawyers for Bankman-Fried formally filed to appeal his 25-year prison sentence following the FTX fraudster’s grueling landmark fraud trial last fall.Meanwhile, in an additional court filing, attorneys for the FTX founder requested that Judge Lewis A. Kaplan keep Bankman-Fried at the Metropolitan…
Last updated: April 11, 2024 15:21 EDT | 3 min read Floki Price Prediction as $170 Million Trading Volume Comes In – Sharp Drop Incoming? / Source: Cryptonews Despite $170 million in trading volumes coming in on Thursday, the Floki (FLOKI) price has declined 3% to below $0.00020, with some concerned that the meme coin could soon experience a deeper pullback.Named after Elon Musk’s Shiba Inu dog, Floki is the fifth-largest meme coin by market capitalization. According to CoinMarketCap, the FLOKI market cap was last around $1.84 billion.A surge in risk appetite in the meme coin sector saw FLOKI post…
Last updated: April 11, 2024 14:39 EDT | 2 min read A depiction of Big Ben overlaid with cryptocurrencies. Mayor of London candidate Brian Rose announced plans on Wednesday to give city residents £100 worth of a new crypto token if elected as part of his plans to make the capital a “crypto-friendly city.”The token, aptly called $LONDON, would be funded by a 1% tax on traditional banks and could be used by constituents to “pay council bills, parking tickets, and more.”London Mayor Candidate Brian Rose Unveils Crypto TokenDesigned for residents of all abilities to spend, invest, or trade, Rose…
Last updated: April 11, 2024 13:54 EDT | 2 min read Slothana is Solana’s latest meme sensation. Meme coin stans are stacking Slothana (SLOTH), Solana’s sensational new 420-friendly token, ahead of Bitcoin’s halving and international stoner day on April 20.Slothana the new red-eyed sloth lives on Solana. The $SLOTH ICO has only been going for three weeks and it has already raised an eye-watering $10 million, The news comes after established Solana meme coins like Slerf, DogWifHat and Bonk have followed (and on some days, outpaced) market leaders Bitcoin and Ethereum in small market-wide rallies off ahead of Bitcoin‘s (BTC) halving next week. Ethereum’s…
Last updated: April 11, 2024 13:33 EDT | 2 min read As the market prepares for Bitcoin’s halving, NEAR Protocol’s NEAR token has fallen 7% over the last week to change hands at around $7. The dip comes despite market-wide price appreciation for most leading cryptocurrencies.NEAR Protocol is a Proof of Stake (PoS) blockchain that launched in 2020. It touts its scalability as its unique selling point thanks to its sharding solution, which it calls ‘Nightshade.’ Sharding is a data storage technique that blockchains employ to process transaction cheaper and quicker. Now, NEAR isn’t the only loser today. Other tokens linked to so-called…
Last updated: April 11, 2024 12:45 EDT | 1 min read Chainlink, a leading provider of data feeds to blockchain-based smart contracts, has released a new application dubbed the transporter for submitting and monitoring cross-chain transactions.In an announcement, Chainlink said the application is built using its Cross-Chain Interoperability Protocol (CCIP) – the standard for cross-chain interoperability. The firm went on to describe the new Transporter application as a “hyper-secure bridging Aapp” — explaining it is built on Chainlink CCIP to bring “unprecedented security” to users wanting to transfer tokens across blockchains.App Allows Users to Transfer Various Tokens The Transporter app allows users…
Last updated: April 11, 2024 12:41 EDT | 2 min read According to Grayscale, recent inflation figures may have a short-term negative impact on crypto, but continuous inflation will ultimately increase sentiment towards cryptocurrency.Inflation refers to the prolonged increase in the general price level of goods and services in an economy over time, usually resulting in a decline in the purchasing power of fiat currency.In March, the Consumer Price Index (CPI) statistics exceeded expectations. Inflation grew by 0.4% month-on-month and 3.5% year-on-year. This was in contrast to the Dow Jones economists’ survey estimates, which predicted a 0.3% month-on-month and 3.4%…
Last updated: April 11, 2024 11:41 EDT | 3 min read Bitfinex Securities El Salvador S.A. de C.V., a tokenized securities platform, is spearheading an initiative to fund the development of a Hampton by Hilton hotel complex at El Salvador International Airport through a tokenized debt issue.The token, known as HILSV, will trade against the U.S. dollar and tether (USDT) and will be issued on the Liquid Network, a bitcoin sidechain, as outlined in a recent press release.HILSV Tokenized Debt Offering Marks Milestone in El Salvador’s Capital Market Development Bitfinex Securities to facilitate first ever El Salvador tokenised asset raise…
Last updated: April 11, 2024 11:39 EDT | 2 min read Matthew White, CEO of Dubai’s Virtual Asset Regulatory Authority (VARA), expressed the watchdog’s commitment to easing the regulation burden for smaller crypto entities.Speaking at a regulatory panel discussion during the Paris Blockchain Week, White acknowledged the imperfections in crypto regulations and emphasized the need for improvement.VARA CEO Advocates for Innovative Solutions to Regulatory Compliance ChallengesWhite acknowledged the high costs associated with regulatory compliance, particularly for smaller crypto entities with limited resources. He emphasized the importance of finding solutions to address this issue.To address these concerns, he stated VARA’s extensive…
Last updated: April 11, 2024 11:00 EDT | 3 min read The Dogecoin price has risen by 3% today, reaching $0.1949 on a day when the cryptocurrency market as a whole gains by 1% in 24 hours.This puts DOGE up by 7% in a week and by 14% in the last 30 days, with the meme token enjoying a nice 128% gain in a year.Such performance has enabled Dogecoin to rank higher than Cardano (ADA) in terms of market cap, with the meme token now sitting at ninth overall.It’s likely to continue rising as the wider market goes through more…